BlackRock Director Makes Massive $94 Million Purchase

The staggering bet is "one of the largest insider buys by an individual across the entire market" in the past decade.

In one of the largest insider purchases in the past decade, a director of BlackRock (ticker: BLK), James Grosfeld, purchased nearly 500,000 shares of the asset manager for $94 million in a series of transactions in the past month.

Following the purchases, Grosfeld holds just over 700,000 BlackRock shares worth $130 million at the current share price of $186.

Grosfeld, 75, declined to comment, but he evidently views BlackRock...